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265 NE 116th St, Miami, FL, 33161

4beds
2baths
2,860sqft
$1,398,000
$489price/sqft
$11,800/moest. monthly cost
$472,000/yrincome needed

About This Home

Renovated income producing property on a rare 12,750 sq ft lot in a high demand North Miami location near Miami Shores and Barry University. Front duplex features new kitchens and bathrooms, and in unit laundry, offering clean, modern living spaces. Additional detached structure provides flexible use and added income potential. Spacious backyard with mature trees creates a private, compound style setting rarely found in multifamily properties. Currently generating $8,500 per month with strong rental demand and consistent occupancy in the area. Large lot offers long term upside. and future potential. Ideal for Investors, multigenerational living, or buyers seeking the flexibility to combine living, working, and income potential within one versatile property.

Getting Around

69
WalkingSomewhat Walkable
42
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

8/10
5/10
2/10

Construction

Condition

  • Year built: 1951

Materials

  • Roof: Shingle
  • Construction materials: Concrete Block Construction,CBS Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Door features: High Impact Doors
  • Window features: Blinds,High Impact Windows
  • Flooring: Ceramic Tile,Wood

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 3,262
  • Total interior livable area: 2,860 sqft

Property

Details

  • Parcel number: 3022310400050
  • Zoning: 0100

Features

  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Room For Pool
  • Fencing: Fenced

Lot

  • Features: 1/4 To Less Than 1/2 Acre Lot

Parking

  • Total spaces: 5